The Day by day Hit: February 14, 2022

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It’s time on your Day by day Hit of monetary information for February 14, 2021. 

On the Web site

Valentine’s

To have a good time winter’s sexiest vacation, multi-state hashish firm MariMed (OTC: MRMD) compiled a survey for his or her edible model Betty’s Eddies. The outcomes counsel that you simply may wish to take into account choosing up your Valentine’s favourite model of hashish edible to warmth issues up this February 14th. In line with MariMed’s survey, 72% of hashish customers are already planning to include hashish into their Valentine’s Day festivities, with greater than half saying they wish to obtain hashish as a present for the lover’s vacation. Learn extra right here

Secure Harbor

Hashish banking firm Secure Harbor Monetary (SHF, LLC) will go public by way of the SPAC (particular function acquisition company) Northern Lights Acquisition Corp.  (NASDAQ: NLIT) has chosen it for the qualifying transaction. Secure Harbor is a subsidiary of Associate Colorado Credit score Union, a Colorado-chartered credit score union based mostly in Arvada, Colorado. Secure Harbor will probably be led by Sundie Seefried, Founder and Chief Govt Officer of Secure Harbor. Learn extra right here.

Relativity

Hashish clean verify firm Relativity Acquisition has offered 12.5 million items at $10 every, and its underwriters have a 45-day choice to purchase as much as an extra roughly 1.9 million items, which might increase one other $18.75 million. Relativity Acquisition’s widespread inventory is about to commerce on the Nasdaq below the image “RACY” (the items will commerce at RACYU) and its providing is predicted to shut on February 15, 2022. Learn extra right here.

Michigan

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On Friday, Governor Gretchen Whitmer introduced that she was consolidating the regulatory our bodies throughout the State of Michigan that oversee hashish and hemp processing, distribution, and sale to enhance effectivity. The governor’s assertion mentioned that these administrative modifications would assist the state proceed rising the hemp and marijuana economic system, create jobs, and spend money on native communities. Learn extra right here.

MedMen

Late after the market closed on Friday, MedMen Enterprises Inc. (OTCQB: MMNFF) introduced that its Chief Income Officer Tracy McCourt was resigning efficient March 4, 2022. McCourt has solely been within the job for just a little over a 12 months. It was a brand new function that was described as main the omni-channel advertising and marketing technique in addition to the corporate’s shopping for, merchandising and enterprise intelligence efforts. She was employed by the previous CEO Tom Lynch. Learn extra right here.

In Different Information

Ascend Wellness

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) introduced that it has promoted the corporate’s Co-founder and Chief Technique Officer, Frank Perullo, to President of AWH. Perullo will probably be answerable for AWH’s day-to-day operations, with the Retail, Gross sales and Advertising and marketing, and Operations departments reporting on to Perullo going ahead, along with his present stories. Abner Kurtin, founder, and CEO of AWH, will proceed to guide the corporate and oversee Perullo, together with Dan Neville, Chief Monetary Officer, and Robin Debiase, Chief Individuals Officer. Kurtin may even proceed to handle M&A, strategic alternatives, and capital allocation. Learn extra right here.

Flower One

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Flower One Holdings Inc. (OTCQX: FLOOF) introduced a time period mortgage financing with an present shareholder for combination proceeds of $10.1 million. As well as, the corporate has mentioned it has made additional developments in its ongoing debt restructuring by way of an extra mortgage modification settlement with its time period lender and its associates. Learn extra right here.



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